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- France's consumer price index rose slightly in November
France's consumer price index rose slightly in November
According to the report from the INSEE, in November 2020, the Consumer Price Index (CPI) rose by 0.2% over one month, after being stable in October 2020. The service prices rebounded (+0.1% after –0.3% in October) and those of food prices accelerated (+0.6% after +0.2%). The prices of tobacco grew sharply (+4.9%) after being stable in the last month and those of energy also increased (+0.3% after +0.2%). In contrast, the prices of manufactured goods fell back in November (–0.3% after +0.4% in October).
Seasonally adjusted, consumer prices rose by 0.4% in November, after being stable in October.
Year on year, consumer prices increased by 0.2% after being stable the two previous months. This increase in inflation resulted from the acceleration of the service prices (+0.7 % after +0.4 %) and those of the food (+2.0% after +1.5%). The energy prices fell at the same rate as in the last month (–7.8%). The prices of tobacco slowed down (+12.5% after +13.7%) and those of manufactured goods decreased more sharply (–0.3% after –0.1%).
Year on year, core inflation rose, in November, up to +0.4% after +0.3% in October. The Harmonised Index of Consumer Prices (HICP) rose by 0.2% over a month after being stable in the previous month; year on year, it increased by 0.2% after +0.1% in October.
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